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Fund Stats
-
NAV
$10.12
$0.03 (0.30%)
-
Inception Date
9/29/23
Overview
To deliver absolute returns largely uncorrelated to equity and fixed income markets.
Key Features
- Calamos is a pioneer in convertible and options investing, where analysis of public acquisitions and opportunities to alter risk reward through structure is an ingrained part of the investment process
- Our merger strategy is a natural extension of our experience managing hedged equity and convertible arbitrage strategies for more than 20 years on average as a team
- Because of this, we believe one of our main edges resides in public acquisitions where there are convertible bonds, liquid options or other securities within a target company's capital structure that allow us to alter risk reward through trade structure
Portfolio Fit
Seeks to deliver absolute returns uncorrelated to equity and fixed income markets.
Distributions
Schedule
| Name | Frequency |
|---|---|
| Distributions | ANNUAL |
| Capital Gains | ANNUAL |
Calamos Mutual Funds Estimated 2023 Capital Gains
Preliminary capital gains distribution estimates for Calamos Mutual Funds were posted November 1, 2023. To view the report, click here.
2022 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2022. To view the report, click here.
Fees & Expenses
Annual Expenses
| Name | A Shares | C Shares | I Shares |
|---|---|---|---|
| Gross Expense Ratio | 2.12% | 2.87% | 1.87% |
Investment Information
| Name | A Shares | C Shares | I Shares |
|---|---|---|---|
| Minimum initial investment | $2500 | $2500 | $1 million |
| Minimum subsequent investments | $50 | $50 | N/A |
| IRA initial investments | $500 | $500 | N/A |
Fund Information
| Name | A Shares | C Shares | I Shares |
|---|---|---|---|
| Inception Date | 9/29/23 | 9/29/23 | 9/29/23 |
| Ticker Symbol | CMRAX | CMRCX | CMRGX |
| CUSIP number | 128120219 | 128120193 | 128120185 |
Sales & Distribution
| Name | A Shares | C Shares | I Shares |
|---|---|---|---|
| Sales Load | Front-End | Level-Load | N/A |
| Maximum Sales Charge | 2.75 | 1.00 | N/A |
| US Bank Fund Number | 5852 | 5853 | 5854 |
| Dividends | ANNUAL | ANNUAL | ANNUAL |
| Capital Gains | ANNUAL | ANNUAL | ANNUAL |
The Fund's investment advisor has contractually agreed to reimburse Fund expenses through October 31, 2026 to the extent necessary so that Total Annual Fund Operating Expenses of Class A shares, Class C shares and Class I shares are limited to 1.50%, 2.25% and 1.25% of average net assets, respectively. For purposes of these expense limitations, operating expenses do not include taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, foreign tax reclaim expenses, and extraordinary expenses (as determined in the discretion of Calamos Advisors LLC ("Calamos Advisors")), such as litigation costs. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective share class's expense ratio falls below the contractual expense limit up to the expense limit for that day. This undertaking is binding on Calamos Advisors and any of its successors and assigns. This agreement is not terminable by either party.
Literature
About the Fund
CALAMOS MERGER ARBITRAGE FUND LAUNCH SHEET
The Merger Arbitrage Fund launch sheet provides a snap shot of the investment team and fund strategy.
Prospectus and Reports
CALAMOS MERGER ARBITRAGE FUND PROSPECTUS
This summary contains important information about the Class A, C, and I Merger Arbitrage Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
STATUTORY PROSPECTUS
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
SAI
The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.